A fixed deposit is generally a type of Bank deposit where
you deposit a lump sum of money for a number of years. Usually the fixed deposits rates varies from time
to time, certainly depending on the length or the time period for which the
amount is been fixed into the account, that is the fixed account.
Money is the source of all happiness. When you are in
extreme need of money, and you do not find an ultimate source to it, you feel
like doing what not that could suffice your emergent need of money. In this
condition it is the fixed deposits which come to picture. The fixed deposit rates are normally high
and fetch people considerable returns.
Summary: The fixed deposit rates may vary from one
bank to the other or from one financial institution to the other, it could be
said that these fixed deposit rates are determined by the particular policy
observed by the bank or the financial institute.
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